Mitek Systems Correlations

MITK Stock

USD 11.56 0.25 2.12%

The current 90-days correlation between Mitek Systems and eGain is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mitek Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mitek Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mitek Systems Correlation With Market

Very poor diversification

The correlation between Mitek Systems and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitek Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mitek Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Moving together with Mitek Stock

0.7	ASUR	Asure Software	Pair Corr
0.83	SLF	Sun Life Financial Earnings Call Today	Pair Corr
0.78	BA	Boeing	Pair Corr
0.61	DIS	Walt Disney	Pair Corr
0.71	MRK	Merck Company	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.63	CAT	Caterpillar	Pair Corr

Moving against Mitek Stock

0.71	DOMO	Domo Inc	Pair Corr
0.7	LPSN	LivePerson	Pair Corr
0.7	DDOG	Datadog Upward Rally	Pair Corr
0.59	PD	Pagerduty	Pair Corr
0.58	MNDY	MondayCom	Pair Corr
0.57	TTD	Trade Desk Aggressive Push	Pair Corr
0.55	DT	Dynatrace Holdings LLC	Pair Corr
0.52	BMR	Beamr Imaging	Pair Corr
0.51	ADSK	Autodesk	Pair Corr
0.5	PAYC	Paycom Software	Pair Corr
0.48	SIGL	Signal Advance	Pair Corr
0.45	PHUN	Phunware Tech Boost	Pair Corr
0.42	ESTC	Elastic NV	Pair Corr
0.42	INTU	Intuit Inc	Pair Corr
0.42	BLIV	BeLive Holdings Ordinary	Pair Corr
0.37	HUBS	HubSpot Earnings Call This Week	Pair Corr
0.37	TEAM	Atlassian Corp Plc	Pair Corr
0.4	HNRC	Houston Natural Resources	Pair Corr

Related Correlations Analysis

	EGAN	PUBM	MTLS	LAW	RMNI	CMRC	IMXI	GRRR	CRNC	OSPN
EGAN		0.17	0.43	0.0	0.29	0.51	-0.56	0.27	-0.29	0.21	EGAN
PUBM	0.17		0.55	0.74	0.78	0.82	-0.48	0.03	0.14	0.73	PUBM
MTLS	0.43	0.55		0.22	0.45	0.7	-0.65	0.44	-0.1	0.32	MTLS
LAW	0.0	0.74	0.22		0.87	0.59	-0.11	0.02	0.54	0.84	LAW
RMNI	0.29	0.78	0.45	0.87		0.8	-0.32	0.17	0.4	0.83	RMNI
CMRC	0.51	0.82	0.7	0.59	0.8		-0.72	0.13	-0.05	0.62	CMRC
IMXI	-0.56	-0.48	-0.65	-0.11	-0.32	-0.72		-0.13	0.49	-0.08	IMXI
GRRR	0.27	0.03	0.44	0.02	0.17	0.13	-0.13		0.26	-0.06	GRRR
CRNC	-0.29	0.14	-0.1	0.54	0.4	-0.05	0.49	0.26		0.43	CRNC
OSPN	0.21	0.73	0.32	0.84	0.83	0.62	-0.08	-0.06	0.43		OSPN
	EGAN	PUBM	MTLS	LAW	RMNI	CMRC	IMXI	GRRR	CRNC	OSPN

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RMNI	+ 0.87	LAW
OSPN	+ 0.84	LAW
OSPN	+ 0.83	RMNI
CMRC	+ 0.82	PUBM
CMRC	+ 0.8	RMNI
RMNI	+ 0.78	PUBM

High negative correlations

IMXI	- 0.72	CMRC
IMXI	- 0.65	MTLS
IMXI	- 0.56	EGAN
IMXI	- 0.48	PUBM
IMXI	- 0.32	RMNI
CRNC	- 0.29	EGAN

Risk-Adjusted Indicators

There is a big difference between Mitek Stock performing well and Mitek Systems Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mitek Systems' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EGAN	2.84	(0.78)	0.00	(0.17)	0.00	5.27	(7.54)	30.10
PUBM	2.82	(0.33)	0.00	(0.05)	0.00	3.58	(6.23)	56.16
MTLS	2.05	(0.23)	0.00	(0.09)	0.00	5.02	(3.78)	13.68
LAW	2.78	(0.72)	0.00	(0.61)	0.00	6.96	(7.18)	26.11
RMNI	1.56	(0.45)	0.00	(0.27)	0.00	2.53	(3.72)	9.53
CMRC	2.03	(0.79)	0.00	(0.31)	0.00	3.80	(6.58)	17.34
IMXI	0.19	0.04	(0.18)	0.70	(0.26)	0.40	(0.33)	1.45
GRRR	4.01	(0.27)	0.00	(0.06)	0.00	9.43	(7.66)	24.43
CRNC	3.98	(0.25)	0.00	(0.04)	0.00	8.49	(5.86)	56.56
OSPN	1.64	(0.18)	0.00	(0.05)	0.00	3.47	(4.28)	9.86

Mitek Systems Corporate Management

Jason JD	Chief Officer	Profile
Scott Marcus	G Counsel	Profile
David Lyle	Chief Officer	Profile
Michael Diamond	Chief Revenue Officer	Profile
Stephen Ritter	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC